Data Collection

Business Price Index: June 2016 quarter

Name
Business Price Index: June 2016 quarter en-NZ
Label
Business Price Index: June 2016 quarter en-NZ

Methodology

Methodology

This BPI release includes the June 2016 quarter PPI, CGPI, and FEPI data.

Response rates for June 2016 quarter

Key firms Achieved: 100 percent Target: 100 percent

Non-key firms Achieved: 96 percent Target: 96 percent

Exchange rates The New Zealand dollar appreciated against three key currencies (US dollar, UK pound, and Euro) and depreciated against the Japanese yen and the Australian dollar, when comparing the mid-point of the March 2016 and June 2016 quarters. An appreciating NZ dollar has a downward influence on the prices New Zealand producers pay for imported goods and services, and the prices received for exports.

When calculating the PPI and CGPI, we generally use prices collected on the 15th day of the middle month in the quarter to represent the entire quarter. When these prices are collected in foreign currencies, they are converted to NZ dollars using the exchange rate at the mid-point of the quarter.

The table below shows changes in the value of the NZ dollar in foreign currency denominations, from the mid-point of the March 2016 quarter to the mid-point of the June 2016 quarter.

The table below shows changes in the value of the NZ dollar in foreign currency denominations, from the mid-point of the March 2016 quarter to the mid-point of the June 2016 quarter.

Exchange rates
Bank selling rates for NZ$1.00
USA (NZ$:US$) UK (NZ$:pound) Australia (NZ$:AUS$) Japan (NZ$:yen) Europe (NZ$:euro)
15 February 2016 0.6499 0.4473 0.9106 73.40 0.5756
15 May 2016 0.6594 0.4591 0.9086 71.40 0.5806
Percentage change 1.5 2.6 -0.2 -2.7 0.9
Source: Westpac Banking Corporation

For a limited number of prices (e.g. petroleum product manufacturing) we use quarterly average prices. For these prices, the relevant exchange-rate movements are based on the average exchange rate for the quarter.

en-NZ

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Revision Date Responsibility Rationale
2 17/08/2023 10:32:43 AM
1 30/11/2021 4:39:57 PM